Roth Capital Has Negative Outlook for Fathom FY2024 Earnings

Fathom Holdings Inc. (NASDAQ:FTHM) – Research analysts at Roth Capital reduced their FY2024 earnings per share (EPS) estimates for Fathom in a report issued on Monday, March 3rd. Roth Capital analyst D. Aftahi now anticipates that the company will post earnings per share of ($1.14) for the year, down from their previous estimate of ($1.03). The consensus estimate for Fathom’s current full-year earnings is ($1.03) per share. Roth Capital also issued estimates for Fathom’s Q4 2024 earnings at ($0.33) EPS, Q3 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.63) EPS and FY2026 earnings at ($0.51) EPS.

Fathom Stock Down 1.0 %

NASDAQ FTHM opened at $0.89 on Thursday. The stock’s 50-day moving average price is $1.30 and its 200-day moving average price is $2.00. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $20.15 million, a P/E ratio of -0.70 and a beta of 1.96. Fathom has a 52 week low of $0.88 and a 52 week high of $3.37.

Institutional Trading of Fathom

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. bought a new stake in Fathom during the 4th quarter valued at $28,000. Raymond James Financial Inc. acquired a new position in Fathom in the 4th quarter worth approximately $32,000. Virtu Financial LLC purchased a new position in shares of Fathom during the third quarter worth $44,000. Millennium Management LLC raised its stake in shares of Fathom by 54.4% during the 4th quarter. Millennium Management LLC now owns 33,911 shares of the company’s stock valued at $52,000 after buying an additional 11,949 shares during the last quarter. Finally, Requisite Capital Management LLC acquired a new position in Fathom in the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 55.49% of the company’s stock.

About Fathom

Fathom Holdings Inc provides a real estate services platform that integrates residential brokerage, mortgage, title, and insurance services in the United States. It operates through three segments: Real Estate Brokerage, Mortgage, and Technology. The Real Estate Brokerage segment provides real estate brokerage services.